SLM, Inc., with sales of $800, has the following balance sheet: SLM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity Accounts receivable $ 200 Trade accounts payable $ 120 Inventory 360 Long-term debt 510 Plant 800 Equity 730 $ 1,360 $ 1,360 It earns 9 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar. Determine the balance sheet entries for sales of $1,400 using the percent of sales method of forecasting. Accounts receivable: $ Inventory: $ Trade accounts payable: $ Will the firm need external financing to grow to sales of $1,400? If Yes, calculate the amount of external funding required, if No, enter zero. , the amount of the external funds needed is $ . Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any. SLM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Accounts receivable $ Trade accounts payable $ Inventory Long-term debt Plant Equity $
SLM, Inc., with sales of $800, has the following balance sheet: SLM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity Accounts receivable $ 200 Trade accounts payable $ 120 Inventory 360 Long-term debt 510 Plant 800 Equity 730 $ 1,360 $ 1,360 It earns 9 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar. Determine the balance sheet entries for sales of $1,400 using the percent of sales method of forecasting. Accounts receivable: $ Inventory: $ Trade accounts payable: $ Will the firm need external financing to grow to sales of $1,400? If Yes, calculate the amount of external funding required, if No, enter zero. , the amount of the external funds needed is $ . Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any. SLM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Accounts receivable $ Trade accounts payable $ Inventory Long-term debt Plant Equity $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
SLM, Inc., with sales of $800, has the following
| SLM, Incorporated Balance Sheet as of 12/31/X0 | ||||||
| Assets | Liabilities and Equity | |||||
| Accounts receivable | $ | 200 | Trade accounts payable | $ | 120 | |
| Inventory | 360 | Long-term debt | 510 | |||
| Plant | 800 | Equity | 730 | |||
| $ | 1,360 | $ | 1,360 | |||
It earns 9 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar.
-
Determine the balance sheet entries for sales of $1,400 using the percent of sales method of
forecasting .Accounts receivable: $
Inventory: $
Trade accounts payable: $
-
Will the firm need external financing to grow to sales of $1,400? If Yes, calculate the amount of external funding required, if No, enter zero.
, the amount of the external funds needed is $ .
-
Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any.
SLM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Accounts receivable $ Trade accounts payable $ Inventory Long-term debt Plant Equity $
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